Foreclosure

Unemployment Insurance in US – 1.4 Million foreclosures avoided

An updated tally by Moody’s Analytics shows that 6.5 million homeowners have lost their homes in the housing bust so far.  And for most of them, the proximate cause of foreclosure was unemployment. Losing a job meant losing the income to pay the mortgage, while depressed house values meant that struggling homeowners could not tap … Continue reading →